Maybe both, but I think there have been too many drips and hints for them to not be working towards something, whether it be the introduction of aliens or new technology that was just a fantasy a few years ago.
Whistleblower David Grusch said that our rivals are working on this, and there has been a "cold war" between nations to try to get this non-human tech to work:
https://www.youtube.com/watch?v=cH2B90uhFGw
Dr Sean Kirkpatrick of AARO said that the Chinese are "less risk averse about technical advancement than we are" (jump to about 33 minutes or so into this video):
https://www.youtube.com/watch?v=E2qvyxhdPQA&t=2126s